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20110701
20110731
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. >>> washington watchdog. jon karl finds hundreds of millions of taxpayer dollars wasted. >>> lesson from the tape a little boy disappears. his first time walking home from camp. a new insight for parents about when a child should be out alone. >>> healthy living. a big change in what your doctor should be doing for you. dr. richard besser on the secrets of getting the health care you deserve. >>> and, watch out, world. the american girls who took the prize at the biggest, toughest science competition in the world. >>> good evening. for the fifth time this week, republicans and democrara were squabbling and arguing about what to do, as the clock keeps ticking down. the august 2nd deadline, when america will default on paying its debts to the world, which would cause a body blow to the american economy. the president said today he knows that people are stressed out by thaticking clock, and across the countryrywe heard it. so many people saying, this is exactly the reason they're frustrated with the way washington works. and abc's jim avila starts us off. jim? >> reporter: diane, wall street is nerv
default, two weeks from today. so, abc's jon karl took your messages straight to the lawmakers in the middle of the mess. jon? >> reporter: yes,, diane. we have -- we went and talked to members of congress i i botot chambers, gave their reaction to what we're hearing in terms of the anger coming from the american people. a grup of freshmen house republicans descended on the white house today demanding the president come up with a plan to deal with the debt. >> don't keep shirking your responsibility. >> what is your written plan? >> reporter: but across the country, voters are telling washington they're disgusted with all sides. >> they need to get off the dime. >> we've had enough. >> get it done. >> reporter: we went around capitol hill to put your concerns directly to those in power. starting with democratic senator mark warner of virginia. senator, this is peggy from richmond, virginia. >> if we're really not careful, we're going to end up with a depression that is far worse than the one that our parents and our grandparents lived through. >> reporter: can you say anything
at the white house tonight. david, thank you. >>> i want to bring in jon karl tonight, also right there in washington, and jon, you've been deking into what's been going on behind the scenes s re and you told me, you have the president and republican house speaker john boehner actually close to a deal and then what happened? >> reporter: that's right. they were both ready to begin talking about this big deal, but what happened is, speaker boehner faced the opposition, not only from tea party members of congress, but from his own leadership. eric cantor, the number two republican in the house, actually told him point blank that he would not support such a big deal if it included anything that could be called tax increases and cantor said, yhe would lose many, many republicans in the house. >> and it was not only eric cantor on the republican side, but nancy pelosi on the democratic side giving the president trouble. >> reporter: absolutely. i spoke to a lot of tom democratic leaders about this. former speaker pelosi made it clear that she was not going to support anything that woul
's bring in jake tapper and jon karl from capitol hill. jon, they tried to work on a smaller reduction deal but that didn't go much better. >> reporter: the divide is as deep as ever. they outlined 1.7trillion cuts, not enough but democrats called it completely unacceptable because it included cuts to medicare and no tax revenue increases. steny hoyer said he couldn't get a senior democratic vote for a plan. >> that means that it couldn't pass. courthouse have any idnew ideas >> reporter: they're pushing for the big deal, a lot of pain at one, entitle tks. president obama outlined the plan and said, you can't expect seniors to give up $500 when you went own ask for $5 from people like me. wealthy individuals. >> jon, the leader mitchell mcconnell is looking at a contingency plan which could be a short-term extension. >> reporter: he's tight-lipped about what they mean. they could give him a chance to accept that which he ruled out or one with no tax increases. >> the president very clear on that. >> reporter: he said he's not signing any short-term plans. the debt ceiling needs to be raised
answers from our two guests today. budget director, jack lew and jon kyl. two people around the negotiating table. in the meantime, also the report about wanting to go back to the grabbed bargain. speaker boehner said he wants to do that. the president said he wants to do that. the question is whether they can get elements on boararto pass such a thing. that, also is something that is being required right now by the ratings agency. moodys. standards & poors. said they must have some credible deficit reduction plan, 4 trillion or so over the next 10 years because of the way they are looking at the u.s. dollar and threatening to downgrade u.s. credit worthiness, and add to the catastrophic woes a default can bring. >> if we do not have a plan by this friday we will not meet the august 2nd deadline. all right. cristiane, a lot of tension there in washington. be sure to join christiane where she sits down with office of management and budget, jacob lew and senate minority whip, jon kyl on "this week." >> now, filling in for ron claiborne once again is abc's andrea canning. >> go
down its debt. abc's jon karl explains. >> reporter: we took a journey to the u.s. mint in philadelphia for a lesson in how the government is losing money by making money. this is the presidential dollar coin. congress ordered the mint to make millions of them to honor every dead president but nobody seems to want them. they cost 32 cents a pop to make. the mint makes nearly 2 million of them every day. do the math. about 600,000 dollars a day to make them. because almost nobody uses these things, most go directly into storage. we found a bunch of them 100 miles down the road in a vault. here at the federal reserve in baltimore, the coins are packed into plastic bags stacked one on top of each other all the way up and down this aisle several aisles of them, millions and millions of dollars in presidential coins. federal reserve says they are piling up so quickly they are spending $650,000 to build a new vault in dallas to hold them. shipping the coins there will cost another $3 million. senator jack reed was one of the co-sponsors of the bill that directed the mint to make the coins. us
Search Results 0 to 5 of about 6